In a June 17, 2022 posting, I outined the history of NYCERS administrative budget.
On June 21, 2023, the NYCERS trustess adopted the FY-2024 admin budget.
It was a 13.3% increase over the FY-2023 budget. See the updated table below. The numbers speak for themselves. I wonder if the trustees are aware of this spending history.
At the same time NYC adopted a FY-2024 budget that was a reduction from $111.2B to $107.7B, a 3.5% cut. To be fair, the FY-2023 budget was originally adopted at $101.1B. What made the Mayor allow NYCERS to increase its budget by 13.3%, while the City's budget was cut by 3.5%?
| Fiscal Year | F/T Count | P/T Count | College Aides / Hourly | PS Budget | OTPS Budget | Fringe | Total | % Increase |
|---|---|---|---|---|---|---|---|---|
| 2024 | 501 | 30 | 16 | $54,290,508 | $98,040,138 | $13,633,903 | $165,964,549 | 13.37% |
| 2023 | 485 | 30 | 16 | $43,016,089 | $90,436,500 | $12,942,144 | $146,394,733 | 7.92% |
| 2022 | 474 | 27 | 16 | $38,397,943 | $85,531,063 | $11,719,465 | $135,648,471 | 37.94% |
| 2021 | 438 | 27 | 16 | $36,842,549 | $50,210,145 | $11,283,945 | $98,336,639 | 7.10% |
| 2020 | 438 | 27 | 16 | $35,262,139 | $45,862,557 | $10,689,350 | $91,814,046 | 4.97% |
| 2019 | 428 | 35 | 0 | $33,592,612 | $43,532,302 | $10,344,565 | $87,469,479 | 39.44% |
| 2018 | 411 | 35 | 0 | $31,704,410 | $21,832,718 | $9,194,015 | $62,731,143 | 3.55% |
| 2017 | 401 | 35 | 0 | $31,056,080 | $20,916,796 | $8,605,288 | $60,578,164 | 4.81% |
| 2016 | 392 | 35 | 0 | $30,233,989 | $19,407,619 | $8,155,517 | $57,797,125 | 4.70% |
| 2015 | 392 | 5 | 30 | $29,131,972 | $18,154,572 | $7,915,476 | $55,202,020 | 3.68% |
| 2014 | 383 | 5 | 30 | $26,813,635 | $18,761,240 | $7,669,819 | $53,244,694 | 2.18% |
| 2013 | 380 | 5 | 20 | $26,623,635 | $17,951,822 | $7,532,499 | $52,107,956 | 1.93% |
| 2012 | 372 | 12 | 0 | $25,756,827 | $18,781,428 | $6,603,649 | $51,122,139 | 1.14% |
| 2011 | 372 | 12 | 0 | $26,046,827 | $18,492,228 | $6,006,573 | $50,545,628 | 2.76% |
| 2010 | 372 | 12 | 0 | $26,046,827 | $17,777,228 | $5,362,640 | $49,186,695 | 1.88% |
| 2009 | 371 | 13 | 0 | $25,189,842 | $18,208,861 | $4,879,903 | $48,278,606 | 6.22% |
| 2008 | 371 | 13 | 0 | $23,597,857 | $17,259,313 | $4,799,066 | $45,656,236 | 10.80% |
| 2007 | 364 | 13 | 0 | $22,616,783 | $14,258,471 | 4,375,788 | $41,251,042 | 5.73% |
| 2006 | 342 | 13 | 30 | $20,255,911 | $14,683,855 | $ 4,076,823 | $39,016,589 | 1.01% |
| 2005 | 342 | 13 | 30 | $19,737,687 | $14,851,355 | $3,887,624 | $38,476,666 | 1.2% |
| **** | ||||||||
| 1996 | 154 | 0 | 30 | $6,199,709 | $2,573,715 | na | $8,773,424 | 5.93% |
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